A US-Canada trade agreement on steel, aluminum, and energy is reportedly ready for Canada’s Prime Minister Mark Carney and US President Donald Trump to sign at the Asia-Pacific Economic Cooperation (APEC) summit later this month.
Sources familiar with the negotiations told The Globe and Mail that the deal will likely involve Canada accepting steel export quotas in exchange for reduced US tariffs. Talks have excluded critical minerals, despite Washington’s broader push to secure these resources.
Trump triggered the dispute earlier this year by imposing tariffs on Canadian steel, aluminum, and cars. Ottawa responded with its own tariffs, setting off months of negotiations aimed at de-escalating the trade war. As part of its strategy, Canada has offered targeted tariff relief on select US and Chinese steel and aluminum products to support domestic industries caught in the crossfire.
Carney visited…
